NZD/USD Further Gains Seen Above 0.6965/70 – UOB

NZD/USD Further Gains Seen Above 0.6965/70 – UOB

15 April 2016, 14:48
Roberto Jacobs
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NZD/USD Further Gains Seen Above 0.6965/70 – UOB

According to analysts at UOB Group, the Kiwi dollar could extend he upside after a surpass of the 0.6965/70 band.

Key Quotes

“As highlighted yesterday, only a clear move above the 0.6965/70 resistance would indicate the start of a bullish phase”.

“The surprising rapid drop from the high of 0.6952 took out the strong 0.6870 support and from here, NZD has likely moved back into a consolidation range, likely between 0.6760 and 0.6960”.


(Market News Provided by FXstreet)

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